Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$360,034$360,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,800$0
Note rate5.1%7.18%
Blended rate5.1%7.42%
1st payment$2,098.50$2,438.77
2nd payment$0.00$0.00
Taxes / mo$348.42$348.42
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$0.00$0.00
Total monthly$2,596.92$3,009.18
Cash to close$39,966$40,000